Harmonic Q2 revenue $156M (-1% YoY); EPS $0.01 GAAP, $0.12 non-GAAP; backlog record $663.8M

HARMONIC INC.

2023-Q2 EPS reported $0.06 revenue$313,612,000

Revenue $156M (-1% YoY); Broadband up 20% to $97.1M; Video down to $58.9M from $76.2M.
GAAP net income $1.6M ($0.01 EPS); non-GAAP $14.0M ($0.12 EPS); down from $14.8M ($0.14) and $17.6M ($0.16) YoY.
Adjusted EBITDA $21.1M vs $24.3M YoY; backlog surged to record $663.8M (YoY $477.8M).
Video SaaS revenue grew 58% YoY; CableOS deployed with 98 customers covering 21M modems.
Cites hardware sales delays as headwind; offset by largest-ever backlog and new Tier 1 customer wins.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HARMONIC INC. reported second quarter of 2023 results: revenue $156.0 million, net income GAAP net income $1.6 million and non-GAAP net income of $14.0 million, EPS GAAP net income per share of $0.01 and non-GAAP net income per share of $0.12.

Period: second quarter of 2023
Revenue: $156.0 million
Net income: GAAP net income $1.6 million and non-GAAP net income of $14.0 million
EPS: GAAP net income per share of $0.01 and non-GAAP net income per share of $0.12
Result: preliminary results

Exact text from the filing

of our market position was reinforced by several new customer wins which further supports our multi-year growth plan.” Q2 Financial and Business Highlights Financial • Revenue: $156.0 million, down 1% year over year ◦ Broadband segment revenue: $97.1 million, up 20% year over year ◦ Video segment revenue: $58.9 million, compared to $76.2 million in the prior year

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Source: SEC EDGAR

accession 0000851310-23-000065

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